Recently, BTC has been on the verge of a major storm. Since its annual decline of more than 50% in the past few days, its market value has suffered successive setbacks, and the futures market has been wailing. According to statistics, in the last week of June alone, the entire network’s liquidation volume exceeded 2 billion U.S. dollars.
As a matter of fact, in the futures market, when someone loses money, someone makes money. The development of the model of the current futures has gradually matured. However, trying to make things simple and make new ideas is the biggest problem facing the full encryption industry.
1. It should be easy to start
For novices outside the door, complicated functions and various obscure terms are the biggest thresholds for novices, and futures transactions are not as popular as bank cards. Answers to questions cannot be searched everywhere. Hence, it is essential to be intuitively simple and easy to understand.
Open the BigONE futures page to ensure that most of the users can understand it.
Open the APP homepage, and the fourth module at the bottom is futures trading. After opening the futures trading module, this is the clearest futures trading interface you can see currently on the market.
The left area is the console, and you can set multiples, choose long or short, and whether to place an order at a price limit. Here, each function corresponding to the lower triangle is necessary and very detailed. We use the take-profit and stop-loss functions as an example.
BigONE innovatively sets the take-profit and stop-loss separately and can take profit and stop-loss according to various conditions such as the amount of income, percentage position, etc. It can be said that it has achieved the industry’s leading position.
The interface on the right is the actual situation of the market, showing the current sell order and buy order quantity. Because it changes in real-time, you can observe obvious changes at any time.
The bottom three modules are positions, commissioned orders, and transaction history. Positions are the specifics of placing an order, such as the margin, multiples, profitability, and profit details, which you can see here. Commissioned orders, as the name implies, are commissions that you pay yourself. If you do not close the position at the market price promptly, the order will be triggered. This column also allows you to check the take profit and stop-loss orders you set. Finally, after the position has been closed, you may view the order of transaction data in the transaction history.
Therefore, with other exchanges trying their best to be “multi-functional”, BigONE is more prepared to reduce the complexity, also known as “positive optimization for users.”
2. BigONE makes you more cautious in the process of futures trading
Unlike other exchanges that promote the concept of large leverage, BigONE’s strategy for futures traders is to do what you can and start with a smaller multiple.
Especially in the current market, the market trend every day is not very obvious. Increased leverage rashly will inevitably lead to increased risks. Furthermore, most users are office employees who cannot keep a constant check on the market, so choose wisely. When the market is unclear, smaller leverage will be beneficial.
BigONE has also started a global layout in terms of knowledge acquisition, allowing users to see more of BigONE on youtube, ins, and Twitter. To summarize, what BigONE does is to make you aware that futures are risky and that you should apply proper risk management.
This makes people wonder: Is BigONE a charity? On the surface, the business goal of all companies is profit, but the company is not a person alive; the company is a piece of skin. Departments and individuals make the real decisions. This is the biggest difference between the business of BigONE and those of other exchanges.
Therefore, BigONE’s success criteria are the number of users and the size of the resulting benefits. Because exchanges with large user scales must have stronger vitality than exchanges with small user scales, exchanges with money must be more risk-resistant than exchanges without money.
No matter its name, any exchange is, no matter what its purpose was when it was established, as long as it exists for at least one day, they have a common goal: to survive.
Most exchanges rely on profits to survive, and the short-term user scale is not the key. But BigONE is different. They have self-hematopoietic functions and are willing to consider from the user’s point of view and give users more benefits. There is only one reason for its survival: customer first.
BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.